EU response to the crisis caused by the COVID-19 pandemic

Abstract

The appearance of the pandemic in the form of the new disease COVID-19 greatly influenced global trends and caused a wider economic recession. Due to unusual factors that generated the crisis, it is specific and different from all previous ones. As the crisis continues, estimates of future economic trends vary depending on the health situation in individual countries, as well as the measures applied by state authorities to mitigate it. Due to the topicality of the crisis and its extraordinary impact on global trends, this paper attempts to examine the effects of the pandemic on the economy of the European Union, as well as to answer the question of the scope of economic policy measures in overcoming recessionary effects.